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CNBC
Reddit challenges Australia’s under-16 social media ban in High Court filing, says law curbs political speech
Reddit filed a legal challenge seeking to either declare the law invalid, or exclude the platform from the provisions of the law
Bloomberg.com
Meta's Zuckerberg Pushes Highly Paid AI Lab to Build Moneymakers - Bloomberg.com
Meta let go of 600 AI employees in October, and former chief AI ... for Apple scoops, consumer tech news and more; Screentime for a front...
Bloomberg.com
Inside Meta's Pivot From Open Source to Money-Making AI Model - Bloomberg.com
The news that has trickled out has skewed negative. Some new hires from Meta Superintelligence Labs have departed within weeks of arriving. In October...
Bloomberg
Greer ‘Disappointed’ in EU Treatment of US Tech After Trade Deal
US President Donald Trump’s top trade negotiator said he’s concerned by the European Union’s follow-through on pledges to regulate American tech giants fairly, just days after Elon Musk’s X social network was slapped with a €120 million ($140 million) fine for violating the EU’s controversial content-moderation law.
Nextdoor Holdings Inc. shares surged as much as 49% early Wednesday, the most in over four years, as the man behind the retail-driven rally in names like Opendoor Technologies and Better Home & Finance Holding Co. took a bullish stance on the neighborhood social media app.
Bloomberg
Meta’s Zuckerberg Directs Pivot to Money-Making AI Model
Mark Zuckerberg is getting personally involved in day-to-day work and pivoting Meta Platforms Inc.’s focus to an artificial intelligence model it can make money from. Ed Ludlow reports on Bloomberg Television. (Source: Bloomberg)
Bloomberg
Inside Meta’s Pivot From Open Source to Money-Making AI Model
Meta Platforms Inc.’s Mark Zuckerberg, months into building one of the priciest teams in technology history, is getting personally involved in day-to-day work and pivoting the company’s focus to an artificial intelligence model customers pay to use.
CNBC
Australia is trying to enforce the first teen social media ban. Governments worldwide are watching.
Australia has enacted the world's first ban on social media usage for users under the age of 16, in a move expected to be monitored by global lawmakers.
CNBC
Paramount's hostile Warner Bros. bid, Meta's AI course correction, McDonald's value crackdown and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
SCMP
Tencent quits Paramount’s Warner Bros bid amid US regulatory concerns
Chinese social media and gaming giant Tencent Holdings has pulled out of US media group Paramount Skydance Corp’s takeover bid for Warner Bros Discovery to avoid heightened scrutiny of foreign investment in the United States, according to a filing on the US Securities and Exchange Commission’s website.
Tencent had pledged US$1 billion as part of Paramount’s December 1 proposal to acquire Warner Bros, but the Shenzhen-based company was removed as a financing partner in Paramount’s latest all-cash...
Bloomberg
EU Won’t Be Cowed by Musk and Trump Attacks, Ribera Warns
The European Union won’t be cowed by US attacks on how it polices Silicon Valley firms, the bloc’s competition chief Teresa Ribera warned.
Bloomberg
EU Says Meta Will Change Ads Policy After €200 Million Fine
The European Union said Meta Platforms Inc. will offer Facebook and Instagram users an alternative choice that shows fewer personalized ads, potentially heading off another clash with the bloc after the US social media company was hit was a €200 million ($233 million) fine.
CNBC
Elon Musk calls for abolition of European Union after X fined $140 million
Musk's comments come as U.S. government officials step up criticism of the European Union
CNBC
Elon Musk calls for aboliton of European Union after X fined $140 million
Musk's comments come as U.S. government officials step up criticism of the European Union
Bloomberg
Australian PM Vows to Hold Social Media to Account as Ban Nears
Australian Prime Minister Anthony Albanese reminded social media companies that they will be held responsible when a ban on children having accounts takes effect on Wednesday.
The Verge
Meta strikes AI licensing deals with CNN, Fox News, and USA Today | The Verge
Meta has struck AI licensing deals with publications like CNN, Fox News, USA Today, and People Inc., allowing its AI chatbot to source information...
Bloomberg
Netflix to Buy Warner Bros. in $72 Billion Cash, Stock Deal | Bloomberg Tech 12/5/2025
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Netflix’s agreement to buy Warner Bros. Discovery after it completes the planned spinoff of its cable channels. Plus, the European Union Ambassador to the US responds to criticism of the $140 million fine the bloc has levied on Elon Musk’s social media platform X. And HPE CEO, Antonio Neri, discusses the company’s outlook after reporting disappointing 4Q AI server sales. (Source: Bloomberg)
CNBC
Meta acquiring AI wearable company Limitless
Meta has acquired the startup Limitless, which makes a small, artificial intelligence-powered pendant.
TechCrunch
Meta signs commercial AI data agreements with publishers to offer real-time news on Meta AI
... news on Meta AI, its AI chatbot. Now, when users ask Meta AI news-related questions, it will surface information and links that draw from...
Reuters
Meta strikes multiple AI deals with news publishers | Reuters
Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller,...
TechCrunch
Meta centralizes Facebook and Instagram support, tests AI support assistant - TechCrunch
... AI-powered search and an AI assistant. The feature is rolling out ... Shortly after the news broke of Dye's departure, Zuckerberg announced a...
Axios
Exclusive: Meta strikes multiple AI deals with news publishers - Axios
Meta on Friday said it has struck several commercial AI data agreements with news publishers ranging from USA Today, People Inc., CNN, Fox News,...
CNBC
Netflix to buy Warner Bros. Discovery, Ulta earnings, Meta's rebound and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
NPR
EU hits Elon Musk's X with $140 million fine over business practices
The fines were due to the platform's misleading use of blue check marks to identify verified users and a lack of transparency over ads and data access for researchers.
TechCrunch
EU investigating Meta over policy change that bans rival AI chatbots from WhatsApp
He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel,...
CNBC
Elon Musk’s X fined $140 million by European Commission over 'deceptive' blue checkmark and lack of transparency
The social-media platform has been fined by the bloc after breaching transparency obligations under the Digital Services Act (DSA).
CNBC
Taiwan bans Chinese social media app RedNote for one year on fraud risks
It said that it will block access to the app, describing it as one that is "potentially becoming a high-risk area for online shopping fraud."
CNBC
Meta stock climbs 3% on report of planned metaverse cuts
The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.
The Verge
The EU is probing Meta over WhatsApp's AI chatbot restrictions - The Verge
Jess started her career at TechRadar, covering news and hardware reviews. The European Union has launched a formal investigation into Meta over...
Bloomberg
Russia Bans Snapchat, FaceTime, Report Says
Russia banned Snap Inc.’s Snapchat and Apple Inc.’s FaceTime, further limiting access to Western communication services, according to Interfax.